Looking to diversify beyond BTMSX? The mutual funds below have historically moved differently from BTMSX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BTMSX
14 mutual funds have low correlation with BTMSX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Municipal Real Return Portfolio (DMREX) (Municipal Bonds) with a 1Y correlation of 0.00, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Municipal Real Return Portfolio | 0.00 | 0.25 | 0.29 | 94 | Municipal Bonds | BTMSX vs DMREX | |
| abrdn Ultra Short Municipal Income Fund | 0.08 | 0.09 | 0.11 | 100 | Municipal Bonds | BTMSX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.10 | 0.10 | 0.09 | 99 | Municipal Bonds | BTMSX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | 0.11 | 0.09 | 0.06 | 99 | Municipal Bonds | BTMSX vs FHMIX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.11 | 0.19 | 0.19 | 99 | Ultrashort Bond | BTMSX vs BUBIX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements BTMSX
Add BTMSX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BTMSX